Grayscale Zcash ETF AUM tops $500M, holds over 550K ZEC

The rapid accumulation of roughly 3% of ZEC’s circulating supply into a single ETF vehicle within two weeks signals a structural shift in demand dynamics, potentially tightening available float and influencing price discovery. The sizable DCG investment underscores institutional appetite for privacy-focused assets, but it also concentrates holdings, making the market more sensitive to fund flows. The key question is whether this pace of AUM growth is sustainable or a launch-driven spike, and how the broader market absorbs potential supply constraints. Watch for continued inflows and any shifts in Grayscale’s positioning relative to other crypto ETFs.